Hi Traders, here we are back on another market breakdown on GBPJPY. GJ is currently bouncing back & forth at a key support area (149.40 zone). Price had multiple rejections earlier, we're looking for short-term buying opportunity as price rejects the 149.40 support zone. To expect further momentum to step in, I do believe we'll have to see a break above 151.
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Let me know what's your thoughts on GJ.
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If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Let me know what's your thoughts on GJ.
Trade safe and take care.
All the content I've posted are meant for educational purposes, please perform your own research and only take it as a reference.